Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has partnered with Logic Wireless Europe Ltd. to launch the SD7 rugged Push-to-Talk device integrated with ChatterPTT. This device aims to enhance communication for first responders and public services across the UK, Australia, New Zealand, and the Pacific Islands. The SD7 allows seamless communication on unified public cellular networks. Siyata's CEO expressed confidence in its potential to replace traditional land mobile radio devices. This partnership marks another step in Siyata's commitment to improve enterprise communications.

Siyata Mobile Inc. (SYTA/SYTAW) announces the launch of its rugged SD7 device on UScellular's network, a major player with 4.8 million customers. The SD7 is designed to disrupt the traditional Land Mobile Radio market by offering enhanced coverage and functionality through a high-bandwidth 4G LTE connection. It features a durable design suitable for harsh environments, eliminating the need for traditional radio infrastructures. This collaboration marks Siyata's third U.S. carrier partnership, expanding its reach to first responders and enterprise personnel nationwide.

Siyata Mobile Inc. has announced the commercial launch of its SD7 rugged device, available through AT&T's enterprise channels and the FirstNet network. This device aims to replace traditional Land Mobile Radio systems, providing superior coverage and functionality for enterprise customers. With a robust design, the SD7 meets the needs of industries such as construction and government, enabling reliable communication without the need for additional infrastructure. AT&T services 201.8 million subscribers, positioning Siyata to effectively leverage this large customer base.

Siyata Mobile reported Q1 revenues of $832,974, a significant decline from $4,031,975 in the same period last year, due to a transition from legacy products to new lines. The company highlighted a $2.2 million purchase order from a Tier 1 US wireless operator for its SD7 and VK7 products, revealing potential for growth. Management conveyed optimism about future customer wins and partnerships, aiming for profitability in the upcoming quarters.

Siyata Mobile Inc. reported Q1 2022 revenue of $832,974, significantly down from $4,031,975 in Q1 2021, primarily due to a transition from legacy product sales to new offerings. The company experienced a net loss of $4.89 million, an increase from $2.12 million year-over-year. However, a $2.2 million purchase order was received from a Tier 1 US operator for new ruggedized devices. Siyata aims to capitalize on the $12.6 billion Land Mobile Radio market with its SD7 device, recently certified for first responder use, signaling potential future growth.

Siyata Mobile Inc. (SYTA, SYTAW) has announced that its SD7 ruggedized device is now FirstNet Ready, approved for use on the FirstNet communications network for first responders. This certification marks the end of a significant development phase and opens new market opportunities, positioning the SD7 to disrupt the $12.6 billion land mobile radio (LMR) industry. The device enables essential communication for critical applications, enhancing Siyata's credibility and collaboration with major telecom players.

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) announced that its SD7 ruggedized device has been certified for use on FirstNet^®, enhancing communication for first responders. The SD7 integrates cellular technology with the functionality of a land mobile radio, providing a secure communication tool for emergency situations. The company also introduced the VK7, a vehicle kit designed for improved connectivity with the SD7. This certification positions Siyata to potentially disrupt the $12.6 billion land mobile radio market and underscores its commitment to public safety.

Siyata Mobile Inc. (Nasdaq:SYTA,SYTAW) reported a 26% revenue growth in 2021, totaling $7.55 million, driven primarily by increased sales in the EMEA region. The launch of new products, including the SD7 rugged device, is expected to boost further growth in 2022. However, the company recorded a net loss of $23.63 million, up from $13.59 million in 2020. Adjusted EBITDA was negative at $12.43 million, compared to $8.63 million the previous year. Despite challenges, management is optimistic about future growth from expanded partnerships and product offerings.